The latest research study “Ethical Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global ethical labels market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global ethical labels market size reached US$ 999 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,487 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.
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Ethical labels are utilized to identify services or products that are produced in a proper manner. They indicate that an item is manufactured by using environmentally friendly practices and meets specific sustainability standards. These labels usually provide information that consumers use to make a conscious consumption choice based on ethical considerations. Consequently, they are widely utilized by various authorities as a tool to ensure that individuals receive valuable insights and guide social development in the desired direction.
Ethical Labels Market Trends and Drivers:
The growing popularity of organic food, on account of the increasing prevalence of diabetes, cancer, cardiovascular diseases, etc., is among the primary factors driving the ethical labels market. Besides this, the rising consumer inclination towards ready-to-eat (RTE) products, owing to the inflating levels of urbanization and the expanding working population with hectic schedules, is further augmenting the market growth. Moreover, key market players are integrating Radio Frequency Identification (RFID) chips, Machine Learning (ML), blockchain, and Artificial Intelligence (AI) with ethical labels to improve traceability and transparency in supply chains, thereby catalyzing the global market. Apart from this, these advanced technologies enable the creation of a decentralized and tamper-proof record of transactions and are used for tracking the movement of goods, which is acting as another significant growth-inducing factor. Additionally, the widespread adoption of sensors in ethical labels to gather data regarding environmental conditions, including temperature, humidity, air quality, etc., and verify the sustainability claims made by companies is also stimulating the market growth. In line with this, the launch of several favorable policies by government bodies across countries to encourage the usage of sustainable farming practices is expected to bolster the ethical labels market in the coming years.
Ethical Labels Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Who are the key players in the Ethical Labels Market?
- Abbot’s Butcher Inc.
- Archer-Daniels-Midland Company
- Cargill Inc.
- Garden of Life (Nestlé S.A.)
- Go Macro LLC, Kerry Group plc
- Koninklijke DSM N.V.
- Marks and Spencer Group plc
- The Hershey Company, etc.
The report has segmented the market on the basis of
Product Type Insights:
- Foods
- Beverages
The report has provided a detailed breakup and analysis of the ethical labels market based on the product type. This includes foods and beverages. According to the report, foods represented the largest segment.
Label Type Insights:
- Halal
- Organic
- Clean
- Sustainability and Fairtrade labels
- Kosher
- Animal Welfare Labels
- Vegan Labels
A detailed breakup and analysis of the ethical labels market based on the label type has also been provided in the report. This includes halal, organic, clean, sustainability and fairtrade labels, kosher, animal welfare labels, and vegan labels. According to the report, halal accounted for the largest market share.
Distribution Channel Insights:
- Online
- Offline
The report has provided a detailed breakup and analysis of the ethical labels market based on the distribution channel. This includes online and offline. According to the report, offline represented the largest segment.
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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